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My $BTC outlook. (Long random thought thread)
Two weeks ago, I expected a continuation of the big bull trend with a possible surge to $80k-$100k into a top for this "current bull run" A mini blow-off, if you will. Was based simply on trend following, repeating Cycles.
Two weeks ago, I expected a continuation of the big bull trend with a possible surge to $80k-$100k into a top for this "current bull run" A mini blow-off, if you will. Was based simply on trend following, repeating Cycles.
But that trend was broken on April 18th and all long leveraged exposure immediately cut.
All spot positions remained open.
It's a bull market, after all.
All spot positions remained open.
It's a bull market, after all.
In fact, we now have our first Failed Cycle since March 2020 and steep trajectory was lost.
Very simply, the rally that started back in October 2020 has more than likely ended.
It also tells me deeper consolidation is unfolding. This is the ebb and flow nature of any market.
Very simply, the rally that started back in October 2020 has more than likely ended.
It also tells me deeper consolidation is unfolding. This is the ebb and flow nature of any market.
Waiting patiently. Day 59 of the #Bitcoin Cycle with a looming Cycle Low in focus. Day 50 bull trap behind us.
This is my preferred look at what's possibly coming up.
Lows can dip further than expected, and to be bought. Otherwise buy ATH break. (Traders)
This is my preferred look at what's possibly coming up.
Lows can dip further than expected, and to be bought. Otherwise buy ATH break. (Traders)
"IF"
If we get another 60-day Cycle that continues Oct-20 trend to $80k-$100k, then I believe we're going top with sizable 40-50% correction, that takes MANY (4-6) months to consolidate.
The entire 60-day cycle gain would be erased. Prefer 60-day consolidation from this point
If we get another 60-day Cycle that continues Oct-20 trend to $80k-$100k, then I believe we're going top with sizable 40-50% correction, that takes MANY (4-6) months to consolidate.
The entire 60-day cycle gain would be erased. Prefer 60-day consolidation from this point
